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Kitex Garments Limited
Share Price Target & Analysis

NSE:KITEX

646.61

VWAP

675

Open

667.05

Close

679.85

High

633.7

Low

679.85

52 Week High

636.95 ⇩
-30.10 (-4.51%)

KITEX

(TEXTILES)
91.5% Momentum

Trending & Favourite

177

52 Week Low

17.58

EPS

62.46

PE

4.4

PB

Economical
Quality

Gold
Valuation

#Analysis

NSE: KITEX Share Price Financial Analysis & Valuation

Kitex Garments Limited (KITEX) is broadly categorized in TEXTILES segment industry which deals in Textiles - Readymade Apparels vertical. It is one of Small Cap company with Market Capitalization of Rs 1675.8 (in Cr). Total number of free float shares are 6.7 (in Lacs). Kitex Garments Limited is listed on NSE with Exchange ID - INE602G01020 and trading code is NSE:KITEX with short name Kitex Garments.

In the past 1 year, Kitex Garments Limited has declared an equity dividend of Rs 1.5 per share. At the current share price of KITEX at Rs 636.95, this results in a dividend yield of 0.24 %.

As per the Fundamental Analysis of NSE:KITEX, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine KITEX underlying value and future prospects. All of this data is available in KITEX financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:KITEX, it is clearly understood that KITEX is Economical performer in terms of earnings and profit margins with an EPS of 17.58. NSE:KITEX book value per share as of today is 144.81. The current price to book ratio for KITEX as of Nov 23, 2024 is 4.4.

Valuation of the Stock: The current valuation of KITEX stock is like Gold which means currently the stock is Overpriced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of KITEX whether to BUY this stock at current valuation. The delivery percentage of KITEX is 51.14% is very crucial parameter which shows that 51.14% investors are anticipating that the price of KITEX share should go up with VWAP at 646.61.

Now, the main question is whether to BUY or SELL, NSE:KITEX at current valuation.
As per latest Analysis No. #1345:-

⇑ STRONG BUY KITEX if All Greens

⇗ BUY KITEX (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD KITEX (With Stop Loss) if only 1 Green

⇘ SELL KITEX if NO Green Indicator

NSE: KITEX Share Price Today (Nov 23, 2024)

(Kitex Garments Limited Daily Analysis on the basis of KITEX Intraday Graph & Trend)

Kitex Garments Limited share price moved Down by -4.51% from its previous close of Rs 667.05. KITEX stock last traded price is 636.95. KITEX share price trend is Down with a total of 943745 stocks traded till now. It has touched an intraday high of Rs 679.85 and an intraday low of Rs 633.7. The KITEX trading at 636.95, Down by Rs. -30.10, or -4.51 percent which suggests that most of the Traders are anticipating that the price of KITEX share should go Down.

NSE: KITEX Share Price Tomorrow Prediction

(Kitex Garments Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of KITEX)

Kitex Garments Limited share price moved Down by -4.51%. KITEX share price short term trend is Down. It suggests that KITEX Share Price for Tomorrow remains the same with VWAP at 646.61 will be treated as stop loss for intraday traders. Kitex Garments Limited Long term investors can follow the KITEX long term trend as mentiond in future forecast table.

NSE Code

NSE: KITEX

KITEX Share Price Today

 636.95

KITEX Share Price Target Prediction for 2024 ^

 413.3 - 683.2

KITEX Share Price Target Prediction for 2025*^

 683.2 - 727.8

KITEX Share Price Target Prediction for 2026*^

 727.8 - 778.7

KITEX Share Price Target Prediction for 2027*^

 818

KITEX Share Price Target Prediction for 2028*^

 841

KITEX Share Price Target Prediction for 2030*^

 917
KITEX Current Book Value 2023
144.1

*Kitex Garments Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^KITEX share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

KITEX Technical Analysis

Candlestick Pattern: @608.4

KITEX Moving Averages

BUY (13) NEUTRAL (0) SELL (1)
MA Simple Action S1 Expo Action E2
MA_5 611.67 SELL 607.44 BUY
MA_12 606.27 BUY 596.5 BUY
MA_20 567.63 BUY 580.55 BUY
MA_32 549.57 BUY 550.12 BUY
MA_50 526.88 BUY 516.78 BUY
MA_100 419.13 BUY 450.26 BUY
MA_200 306.82 BUY 351.98 BUY

KITEX Trend Oscillators

BUY (3) NEUTRAL (0) SELL (1)
Trend Oscillators Value Action
Bollinger Bands 567.63 Uptrend
MACD -1.38 SELL
ADX 34.51 Strong Trend
DMI (+/-) 28.43 / 18.99 Uptrend

KITEX Momentum Oscillators

BUY (1) NEUTRAL (8) SELL (3)
Momentum Oscillators Value Action
RSI 58.18 Neutral
STOCHASTIC_K (Fast) 25.82 Neutral
STOCHASTIC_D (Slow) 12.52 Oversold
CCI -12.86 Neutral
PSAR 676.69 SELL
TRUE RANGE 44.2 Neutral
ATR 35.7 Neutral
WILLIAMS R -39.9 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 37.87 Neutral
STOCHASTIC RSI D 12.62 Oversold
MOMENTUM 73.95 BUY

KITEX Last 1 Year Trend

Duration Value
1 Year 195.91%
3 Months 154.66%
1 Month 13.84%
1 Week -6.55%

KITEX Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 57%
NEUTRAL / HOLD 27%
SELL 17%

Most popular Questions & Answers about KITEX


Kitex Garments Limited stock last traded price is 636.95. KITEX share price moved Down by -4.51% from its previous close of Rs 667.05.

Kitex Garments Limited share price trend is Down with a total of 943745 stocks traded till now. It has touched an intraday high of Rs 686.6485 and an intraday low of Rs 633.7. The KITEX trading at 636.95, Down by Rs. -30.10, or -4.51 percent which suggests that most of the Traders are anticipating that the price of KITEX share should go Down and the Stop Loss will be around 646.61.

The market cap of Kitex Garments Limited is ₹1675.8 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Kitex Garments Limited as of Nov 22, 2024 is 62.46.

The current price to book ratio for Kitex Garments Limited as of Nov 22, 2024 is 4.4.

The highest price of Kitex Garments Limited stock is ₹679.85 in the last 52-week.

The lowest price of Kitex Garments Limited stock is ₹177 in the last 52-week.

Kitex Garments Limited share trading at ₹636.95, Down by Rs. -30.10, or -4.51 percent which suggests that most of the traders are anticipating that the price of KITEX share should go Down.

In 2023, Stock price target for Kitex Garments Limited (KITEX) are ₹413.3 on downside and ₹683.2 on upside. Kitex Garments Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Kitex Garments Limited (KITEX) are ₹683.2 on downside and ₹727.8 on upside. Kitex Garments Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Kitex Garments Limited (KITEX) are ₹727.8 on downside and ₹778.7 on upside. Kitex Garments Limited share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Kitex Garments Limited (KITEX) will be around ₹841 Kitex Garments Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of KITEX.

The price of Kitex Garments Limited (KITEX) shares moved by -4.51%. The short-term trend for KITEX share price is Down. It implies that the share price of KITEX will stay the same tomorrow and that intraday traders should treat VWAP at 646.61 as a stop loss. Investors with a long-term outlook can track KITEX long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of KITEX stock is 210.8. Compared to the current market price of 636.95 INR, the KITEX stock is Overvalued by 66.9%.

As per the fundamental analysis of Kitex Garments Limited (KITEX), it is of Economical quality in terms of earnings and profit margins with an EPS of 17.58. Kitex Garments Limited book value per share as of today is 144.81. The current price to book ratio for KITEX as of Nov 23, 2024 is 4.4.


NSE:KITEX News & Other Useful Information about KITEX Share Price


Peer Comparison of NSE: KITEX

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Textiles - Readymade Apparels

Company Price EPS BV
PAGEIND 44765.45 556.79 1431.72
KPRMILL 921.65 19.35 98.71
JAIPURKURT 38.03 3.27 26.69
DOLLAR 500.15 15.82 139.42
GOKEX 882.45 26.12 188.29
KITEX 636.95 17.58 144.81
MONTECARLO 766.25 26.03 384.05
PGIL 1154.55 9.35 81.77
SORILINFRA 66.00 2.2 74.94
ZODIACLOTH 111.97 0 85.9
Updated at: 22 Nov 2024 15:50

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